Morning Briefing Global Stocks

Commentary: Overall the world’s stockindices look Bullish except DIA and DAX which may dip this week before moving up. PE

DJIA at 25044.29, -0.055% and DAX 12548.57, -0.10% dipped and continue to head to 24750 and 12400 respectively. The dip is slow and gradual indicating that the current fall could be short lived, or DIA could move North from here. DJIA and DAX could see support near 24750 and 12400. Near term DAX looks Bearish to me. DJIA watching.

Nikkei at 22534.03, +0.61% has bounced from support at 22400, and may head to 22800-23000, while this rise sustains. My view is Bullish.

Shanghai at 2906.11, +1.63% has closed above 2850, so maybe a bottom has been set. 1st resistance is at 2950, if it holds could produce a rejection within this medium term uptrend.

Nifty at 11084.75, +0.68% closed higher Monday and while trading above 10950, Nifty could continue to move 11100-11200 in the coming sessions. Near term looks Bullish to me.